Interest

3 Months Ended

Mar. 31, 2022

Interest [Abstract]

Interest

9. Interest

Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three months ended March 31, 2022 and 2021, we capitalized all interest costs incurred during these periods, except for interest incurred on our Repurchase Facilities.

Our interest costs were as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Interest capitalized beginning of period	$	53,379	$	60,838
Interest capitalized during period		14,019		15,048
Less: capitalized interest in cost of sales		(12,146)		(18,377)
Interest capitalized end of period	$	55,252	$	57,509